Autodesk 2013 Annual Report Download - page 138

Download and view the complete annual report

Please find page 138 of the 2013 Autodesk annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 176

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176

to a determination that it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If, after
assessing the totality of events or circumstances, it is more likely than not that the fair value of the reporting unit is greater than
its carrying value, then performing the two-step impairment test is unnecessary. Autodesk adopted ASU 2011-8 effective
February 1, 2012. The adoption of this ASU did not have a material impact on Autodesk's consolidated statements of financial
position, results of operations or cash flows.
In June 2011, the FASB issued ASU 2011-5 regarding ASC Topic 220 “Comprehensive Income.” This ASU eliminates
the option to present components of other comprehensive income as part of the statement of changes in stockholders’ equity
and requires the presentation of the total of comprehensive income, the components of net income, and the components of other
comprehensive income either in a single continuous statement of comprehensive income or in two separate but consecutive
statements. In December 2011, the FASB issued ASU 2011-12, an amendment to an existing accounting standard which defers
the requirement to present components of reclassifications of other comprehensive income on the face of the income statement.
Autodesk adopted ASU 2011-5 and ASU 2011-12 effective February 1, 2012. This accounting pronouncement impacted the
presentation of other comprehensive income but did not impact Autodesk's consolidated financial position, results of operations
or cash flows.
In May 2011, FASB issued ASU 2011-4 regarding ASC Topic 820 “Fair Value Measurement.” This ASU amends the fair
value measurement guidance and includes enhanced disclosure requirements primarily around Level 3 fair value measurements
based on unobservable inputs. Autodesk adopted ASU 2011-4 effective February 1, 2012. The adoption of this ASU did not
have a material impact on Autodesk's consolidated statements of financial position, results of operations or cash flows.
66